Consumer stocks were rising premarket Wednesday with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.4% higher recently.
McDonald's (MCD) shares were up more than 3% after the company reported higher Q2 non-GAAP earnings and revenue.
Shopify (SHOP) stock was up more than 16% after the company posted higher Q2 non-GAAP earnings and revenue.
Walt Disney (DIS) shares were down more than 1% even after the company posted higher fiscal Q3 adjusted earnings and revenue.
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